Why Is Ripple (XRP) Price Climbing Today?

Ripple’s XRP has been on a tear, jumping 12% in the past 24 hours to hit $2.37. A combination of factors, including a recovering crypto market and increased activity on the XRP network, seems to be driving the surge.

After struggling during the holiday season and briefly dropping below $2, XRP made a strong comeback in the first days of 2025. It even reached $2.42 earlier today before settling slightly lower, according to CoinGecko.

The Crypto Market Is Heating Up

XRP’s rise is happening alongside a broader rally across the crypto space. Bitcoin has broken past $95,000, Ethereum is trading above $3,400, and Solana surged 9% to $206. Other major coins like Dogecoin, Cardano, and Stellar are also seeing impressive gains, while the total crypto market cap has climbed back above $3.5 trillion.

XRP Network Activity Picking Up

Another reason for XRP’s recent spike could be increased activity on its network. On January 1, transaction volumes and payment transfers hit their highest levels in weeks. These upticks often signal growing interest in the ecosystem, which can attract more buyers and boost the price.

What Analysts Are Saying

Some experts think XRP’s rally might just be getting started. Crypto analyst Captain Faibik recently suggested the coin could jump another 50%, targeting $3.66. Others have compared XRP’s current setup to its 2017 run-up, which preceded a major bull market.

Technical indicators are also in play. The Bollinger Bands, which measure volatility, are tightening—a signal that XRP could be gearing up for a big move. While this could mean a major rally, it could also point to a sharp correction, so traders are keeping a close watch.

Final Thoughts

XRP’s strong start to the year has excited investors, especially as the crypto market shows renewed strength. While there’s plenty of optimism, it’s still a volatile space, and the next big move could go either way. For now, though, XRP seems to be riding a wave of momentum.